MIRA INFORM REPORT

Report Date :

10.09.2008

IDENTIFICATION DETAILS

Name :	SKYTON (ASIA) LTD
Registered Office :	13 Fl, Chun Wo Commercial Centre, 23-29 Wing wo Central
Country :	Hong Kong
Date of Incorporation :	12.09.2006
Legal Form :	Offshore Company – Private Limited

RATING & COMMENTS

MIRA’s Rating :

C

RATING		STATUS	PROPOSED CREDIT LINE
<10	C	Absolute credit risk exists. Caution needed to be exercised	Credit not recommended

Status :	New Company
Payment Behaviour :	Unknown
Litigation :	Clear

Company Name and Address

SKYTON (ASIA) LTD

13FL CHUN WO COMMERCIAL CENTRE

23-29 WING WO ST CENTRAL, HONG KONG.(AS GIVEN)

TEL: N/A FAX: N/A

Narrative report:

This refers to a type of report whose format is different from that of a standard report. Such type of report is provided when:

Information obtained is insufficient for compiling a standard report.

The enquired co has been out of business or its business address has been untraceable.

It should be noted that the time and manpower spent on preparing such type of report might be greater than those on a standard report. On many occasions, the information in this type of report still indicates the current status of the enquired co. and serves as a useful reference to assess its credit standing.

*Company Registration*

==================

(1)

License number : 1073514

Date issued : 12 September, 2006

Issuing authority : Companies Registry

Legal form : Offshore Company - Private Limited

Type of license : Corporate

(2)

License number : 37860429-000

Date issued : N/A

Issuing authority : Business Registration Office - Inland Revenue Dept

Type of license : Business

*Capital Details*

=============

Nominal capital: HKD 10,000.00 divided into 10,000 ordinary shares at HKD 1.00/-each, fully paid

*Reputation*

==========

Due to the fact that the subject company:

(i) Does not maintain an operational office in Hong Kong; and

(ii) There is no knowledge or public record of overseas business activities

It has not been possible to ascertain the reputation of the company.

SC is not known to host website of its own at present.

For the past two years there is no record of litigation.

*Major Shareholders*

================

Total number of shareholders : 2

Total number of shares : 10,000

Shareholders' Name No. of Shares Amount of Shares (HKD) % of Shares

--------------------------- --------------- -------------------------------- ----------------

SINCERE NOMINEES LTD 9,000 9,000.00 90.00

Ashish Gupta 1,000 1,000.00 10.00

Share transfer:

Date No of Shares Transferror(s) Transferree(s)

-------- ------------------- -------------------- ---------------------

24 April, 2007 1 CARTECH LTD Ashish Gupta

SC declined to release its management background at present.

*OPERATIONAL STATUS*

======================

The Subject Business Entity does NOT maintain an operational office at the address listed above. The office located at the address above (including telephone and fax numbers) is operated and managed by a firm specializing in Corporate Secretarial / Business Center services. Based on telephone discussions with the management of the Corporate Secretarial / Business Center firm, it manages the annual legal corporate license renewals and related matters on behalf of the Subject Business Entity. There is no known operational office for the Subject Business Entity in the country listed above.

The name of the Corporate Secretarial / Business Center firm is:

SINCERE SECRETARIES LTD

*Operation Status*

==============

Although the Subject Company is a legally registered entity, it does not maintain an operational office, nor any employees in this country, but rather employs the services of a local firm engaged in corporate secretarial management services to "maintain" their license on behalf of the owners who are located overseas.

The management services usually involves registering the office address as the same one used by the firm employed to "maintain" the license, as well as receive any mail address to the company, forward mail to owners, attend to license renewals, corporate levies and related issues.

Company Name : SINCERE SECRETARIES LTD

Address : 13Fl Chun Wo Commercial Centre 23-29 Wing Wo St

Suburb : Central

City : Hong Kong

Tel : 852-25456525

Fax : 852-28540460

SC is not known to have any subsidiary at present.

PAYMENT RATING : NR OBTAINED SCORES : No Data

Rating Key	Implication	Implications
1	Scores 85–100	Excellent
2	Scores 75 – 84	Above Average
3	Scores 50 – 74	Average
4	Scores 35 – 49	Fair
5	Scores 15 – 34	Below Average
6	Scores 01 – 14	Poor
NR	No Data	No Data

The rating indicates the payment pattern of SC based upon our Payment Database, comments from suppliers of SC, information from banks (if available), as well as industrial sources.

Under Hong Kong corporate law, the Subject Company, is exempt from the provisions of the Income Tax Act and therefore not obliged to disclose their financial statements.

*Bank Details*

===========

Bank Name : COMMERZBANK AG

Branch : Central, Hong Kong

Branch Address : 21Fl Hong Kong Club Bldg 3A Chater Rd Central Hong Kong (Head Office)

SWIFT Code : COBAHKHX

Based on the investigations performed, it has not been possible to prepare a normal credit report on the company. Given the circumstances, caution is advised related to dealings with persons claiming to represent such an entity.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.45.12
UK Pound	1	Rs.79.60
Euro	1	Rs.63.83

RATING EXPLANATIONS

RATING		STATUS	PROPOSED CREDIT LINE
>86	Aaa	Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums	Unlimited
71-85	Aa	Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums	Large
56-70	A	Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums	Fairly Large
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory
26-40	B	Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average.	Small
11-25	Ca	Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity	Limited with full security
<10	C	Absolute credit risk exists. Caution needed to be exercised	Credit not recommended
NR		In view of the lack of information, we have no basis upon which to recommend credit dealings	No Rating

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

Financial condition (40%) Ownership background (20%) Payment record (10%)

Credit history (10%) Market trend (10%) Operational size (10%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions